Daniel Ghali, Director, Commodities Strategy at TD Securities, breaks down what it could mean for oil, gold and the wider commodities sector.

Cathie Wood warns Trump’s tariffs could tip the U.S. into recession — but says innovation and smart policy could fuel a stronger recovery.

The Trump administration took that formula’s figure, -0.5 for South Korea, and divided it by two to calculate the U.S. “discounted reciprocal” tariff rate. So, while South Korea imposes an effective tariff rate of .79 percent on U.S. goods, the reciprocal tariff rate the U.S. is imposing on South Korea is 25 percent.

The White House's method for calculating reciprocal tariffs has puzzled many, including the economists cited in its calculations.

China said Friday that it will impose reciprocal 34% tariffs on all imports from the United States from April 10, making good on a promise to strike back after US President Donald Trump escalated a global trade war.

President Donald Trump’s massive tariffs announced on dozens of nations Wednesday were pitched as “reciprocal,” matching what other countries charge the United States dollar for dollar, even taking into account non-tariff barriers like value-added taxes and other such measures.

Trump announced on Wednesday that his administration will be imposing reciprocal tariffs on dozens of countries. Here's when they go into effect

President Trump says his tariffs are 'reciprocal.' But his formula doesn't try to match the tariffs other countries impose on the U.S. Economists are highly skeptical about the new calculation